Use the table for the question(s) below.
-A competitive market in which there are no arbitrage opportunities is called
Definitions:
Perceived Environment
An individual's subjective interpretation and understanding of their immediate surroundings and climate.
Managerial Objectives
Goals or aims that managers seek to achieve in order to fulfill their roles and contribute to the organization's success.
External Environment
The surroundings outside an organization or system that influence its operations and outcomes.
Strategy Formulation
The process of developing strategies to achieve organizational goals based on analysis of internal and external environments.
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